Typical Deepwater Oil & Gas Field Life‐Cycle Phases

Wood_OSmaps_1905 1 4/3/19 10:25 AM NatOilVa_OSMaps_1905 1 4/4/19 2:58 PM MilRoy_OSMaps_1905 1 4/10/19 3:08 PM Intecsea_OSmaps_1905 1 3/27/19 2:30 PM
World Record Subsea Tiebacks • Sanctioned, Installed, Operating or Future Tiebacks (Water Depth vs. Tieback Distance) • As of March 2019
2019 DEEPWATER TECHNOLOGIES &
TLP Cycle Time Analysis • Sanction to First Production COURTESY:

Record: Fastest field development Cycle Time using a TLP as the host facility.
Operations Team (0 km) (8.05 km) (16.1 km) (24.1 km) (32.2 km) (40.2 km) (48.3 km) (56.3 km) (64.4 km) (72.4 km) (80.5 km) (88.5 km) (96.6 km) (104.6 km) (112.7 km) (120.7 km) (128.7 km) (136.8 km) (144.8 km) (152.9 km) (160.9 km)
Prince 16.8
69.8 km 149.7 km

SOLUTIONS FOR CONCEPT SELECTION

35.0 39.2
0'

OPERATOR
(0' m) Typhoon 17.1
IPT (Integrated Project Team) for Project Execution

US MMS Definitions:
BP’s Machar

TEAMS
Equinor’s Mikkel

Shallow
(Team Members from Operator + Partner Staff) IPT for Abandonment Equinor’s Gullfaks South Brent 22.0 (35.3 km)
24.3 (39.2 km) Allegheny 20.3
9.7 (15.5 km) 738.1' (225 m)
738' (225 m) BHP's Macedon
984' 443' (135 m) Record Distance for 62.1 (100 km) Matterhorn 27.7 Avg. Cycle Time from Sanction (FID)
Exploration & Appraisal Subsurface Team Project Sanction / FID “Project Sanction” to First Production 1,000' Oil SS Tieback 594' (180 m) (304.80 m)
ATP’s Ladybug Shell’s Penguin A-E Equinor’s Snøhvit Oveng 29.6 to First Production:
“First Production” World Distance & Water Depth Record for Gas Compression SS Tieback:

Enabling Technologies for Deepwater Production — May 2019

Shell's Corrib BG International’s Sapphire 89.0 (143 Km) (3)
18.0 (29.0 km) Equinor’s Asgard (Midgard & Mikkel) Mariner’s Pluto 43.4 (69.8 km) 55.93 (90 km) 70.8 (114.0 km) 37.47 Months (3.12 Years) Excluding Big Foot
“Discovery” to “Project Sanction” Cycle Time Cycle Time 1,355' (413 m) 574' (175 m) 1,131.9' (345 m) Brutus 30.2
23.3 (39.2 Km) 1,148' (350 m)
Discovery Shell’s Manatee 984' (300 m) 28.6 (46.0 km) 1,640' (500 m)
17.0 (27.4 km) 2,900' (884 m) Marco Polo 31.0
2,000' (609.60 m)
Prepared by: Christopher Barton, SVP Business Development at Wood; Start Lease “Award” to “First Production”
Cycle Time
Shell’s Habanero
11.5 (18.5 km)
1,940' (591 m) Noble’s Lost Ark
27.0 (43.5 km)
BG International’s Scarab/Saffron
55.9 (90.0 km)
BG International’s Simian/Sienna
70.8 (114.0 km)
Total’s Laggan-Tormore
88.9 (143 km)
Ram/Powell 31.6
Pioneer’s Falcon
E . Kurt Albaugh, P.E., Consultant; and David Davis of Offshore Magazine. Evalutions 2,015' (614 m) 2,700' (823 m)
30.0 (48.3 km)
2,040' (622 m) 2,133' (650 m) 1,980' (603.5 m)
Ursa 31.7

MILESTONES

Deepwater
EPCI Contract Project
Shell’s Oregano 3,400' (1,036 m)
Graphics by: Chris Jones of Xenon Group, Inc. & Graphic Support by: Jom Kirkland of Wood. Awards 3,000' 8.0 (12.9 km) Shell’s Macaroni Pioneer’s Tomahawk (914.40 m) Shenzi 33.6
Appraisal Certification of Execution Last Abandonment 3,400' (1,036 m) 11.8 (19.0 km) Chevron’s Gemini 35.0 (53.1 km) Shell’s Ormen Lange
3,685' (1,123 m) BP’s Aspen 28.0 (45.1 km) 3,500' (1,067 m) 62.0 (100.0 km) Mars 33.7
Special Thanks to: Richard D’Souza, Consultant, Jack Christiansen, University of Houston, and Granherne for supplying graphs. Acquire Lease Wells Reserves Cut Closeout Production Closeout Murphy’s Siakap North-Petai (SNP) 16.0 (25.8 km) 3,488' (1,063 m)
Pioneer’s Raptor 3,608' (1,100 m) Norsk Hydro’s Ormen Lange
Installation 3,150' (960 m)
40.0 (64.4 km)
Marlin 34.1

Water Depth Feet/(m)

4,429' (1,350 m) 74.6 (120.0 km)
(Prior to FID) Steel 4,000' Shell’s Europa 3,500' (1,067 m)
For additional copies or comments, please e-mail: posters@woodplc.com or posters@pennwell.com 9.32 (15 km) 3,609' (1,100 m) (1,219.2 m)

Project
ExxonMobil’s Marshall Shell’s Crosby 20.0 (32.2 km)
ExxonMobil’s Mica Pioneer’s Harrier Kizomba B 35.6
3,900' (1,189 m)
For videos on Deepwater Projects please go to: www.offshore-mag/learning-center.html 7.0 (11.26 km) 10.0 (16.1 km)
4,393' (1,339 m)
29.0 (46.67 km)
4,350' (1,326 m)
47.0 (75.6 km)
4,200' (1,280 m) Husky’s Liwan Neptune 36.1
4,356' (1,328 m)
For PDF copies of Posters please go to: http://www.offshore-mag.com/maps-posters.html ExxonMobil’s Madison Record for Longest Deepwater
62.0 (100.0 km)
4,921' (1,500 m)
Record Distance for Magnolia 36.6
5,000'
Explore Appraise Select Define Execute Operate Abandon
(1,524.0 m)
Acquire
7.0 (11.26 km) Shell’s Keppler Gas SS Tieback
PHASES 4,851' (1,479 m) 11.8 (18.96 km) BP’s King Multiphase Boosting SS Tieback Noble Energy’s Tamar Kizomba A 36.8
5,759' (1,755 m) 17.0 (27.4 km) Murphy’s Dalmatian Shell’s Mensa 93.0 (149.7 km)
Noble’s Dantzler 5,334' (1,626 m) 22.0 (35.0 km) 68.0 (109.4 km) 5,446' (1,660 m)
• Drill Appraisal Wells • Screen Development Options • Finalize Development Plan • Detail Engineering & Design • Drill New Dev. Wells • Evaluate Abandonment Options Okume/Ebano 37.9
• Assess Lease Opportunity • Geological study 9.0 (14.00 km) Shell’s Massa 5,823' (1,775 m)
Andarko’s Constellation 5,300' (1,615 m)
• Evaluate Fiscal Terms & • Evaluate Leads • Determine Reserves • Select Development Option • Prepare Basis of Design (BOD) • Procurement • Workover Prod. Wells • Prepare ABEX & Obtain Budget Approval 6,581' (2,006 m) 11.0 (17.77 km)
6,000' 30.63 (49.29 km) (1,828.8 m) Stampede 39.3

KEY PHASE
ACTIVITIES
Determine Bid Conduct Risk Assessment • Construction / Fabrication Well Recompletions 6,561' (2,000 m) Shell’s East Anstey Shell’s Herschel Noble’s Gunflint
• Determine Well Location(s)
• Construct Geological Model
• • Perform FEED •
• Environmental Evaluation & Compliance
Shell’s Ariel
4.74 (7.628 km) 11.0 (17.77 km) 12.8 (20.7 km)
23.6 (38.0 km)
5,836' (1,779 m)
• Acquire Lease • Reservoir study • Eval. Risks andUncertainties Update Risk Assessment • Inspection & Testing • Operate Safely 6,590' (2,009 m) 6,739' (2,054 m) Mariner’s Bass Lite West Seno A 45.2
• Construct Reservoir Model • • Comply with Abandonment Regulations 6,240' (1,902 m) 6,102' (1,860 m) 56.0 (90.1 km) Legend: Oil Subsea Tiebacks
• Environmental Baseline Study • Plan & Drill Well • Prepare CAPEX, OPEX & ABEX • Integration of Topsides & Hull • Inspection, Maintenance, Chevron’s Jack & St. Malo
• Determine Production Rates • Develop Contracting Strategy 6,750' (2,057 m) Jolliet 45.3
M A G A Z I N E • Shoot or Acquire Seismic for FID Transportation & Repair (IMR) • P & A Wells 13.0 (21.0 km) Multiphase Oil Subsea Tiebacks

Ultra Deepwater
Bid & Select Execute Phase Contractors •
ExxonMobil’s Hadrian
• Geohazard Evaluation • Prepare business case for •
Installation • Maintain & maximize availability • Decommission & Abandon Facilites & 7,000' 10.0 (6.6 km)
7,000' (2,034 m)
Gas Subsea Tiebacks
(2,133.6 m) Malikai 47.3
advancing Development Plan •
• Identify Development Options • Order LLE (Long Lead Equipment) Subsea Facilities 6,889' (2,100 m) Equinor’s Q Noble Energy’s Big Bend Shell’s Coulomb
to Define Phase • Hookup & Commissioning • Cost Sharing Anadarko’s Callisto 11.2 (18 Km) Anadarko’s Merganser 7,290' (2,221.9 m) 27.0 (43.5 km)
Total’s Canyon Express Gas Compression Subsea Tiebacks Hutton 47.6
1455 West Loop South, Suite 400 • Technology Selection
• Select Define Phase • Early Detail Engineering
• Regulatory Compliance 5.6 (9.0 Km) Shell’s Perdido 7,960' (2,427 m) 14.7 (23.7 km) 18.0 (29 Km) 7,570' (2,307 m)
57.0 (91.7 km)
• Drill & Complete Dev. Wells 7,300' (2,280 m) Oil Subsea Tieback Experience Limit 47.7
Houston, TX 77027 • High Level Construct‐ability Engineering Contractor • “Brownfield” Work
7,900' (2,408 m) 6.2 (10.0 km) 7,934' (2,418 m) Anadarko’s Spiderman Moho Nord
Tel: 713-963-6200; Fax: 713-963-6296 Review • Refine production rates and
• Update OPEX
‐ Debottlenecking 8,000' ENI’s San Jacinto 8,008' (2,441 m)
Anadarko’s Jubilee 24.0 (38.6 km) Dominion Expl.’s San Jacinto
Record Water Depth Gas Subsea Tieback Experience Limit (2,438.4 m)
www.woodplc.com Anadarko’s Mondo 8,113' (2,473 m) for Gas SS Tieback Papa Terra P-61 49.9
reserves. • Follow‐On Engineering ‐ Topsides Expansion 9.3 (15.0 km) 20.6 (33.1 km) 34.0 (54.7 km) Denotes Current World Record
www.offshore-mag.com ‐ Subsea Tiebacks 8,300' (2,530 m) 12.0 (19.3 Km) 7,868' (2,675 m) Anadarko’s Vortex 7,868' (2,399 m) Anadarko’s Cheyenne
Snorre A 50.5
Record Water Depth Shell’s Silvertip 8,340' (2,542 m) 24.5 (39.4 km) 44.7 (72.0 km)

SUB- PHASES
9,014' (2,748 m)
Advance Mature Early Concept Concept / FEED – Front End Detail “Follow-on” “Brownfield Engineering” Multiphase Boosting 9.0 (14.4 km) 8,381' (2,555 m)
Olympus
(1)
51.0
Industry Acronyms Notes Information Accuracy: Every attempt has been made to identify, locate, and
Lead
Lead Prospect
Drill Expl.
Well Screening Pre-FEED Engineering & Design Engineering Engineering Ad hoc – As needed
9,000' Shell’s Stones 9,356' (2,852 m) Record Water Depth Anadarko’s Atlas
9,014' 2,748 m (2,743.2 m)
3.1 (5.0 km) for Oil SS Tieback Anadarko’s Atlas NW 24.9 (40.1 km)
93.0 Auger 51.9
CT Compliant Tower 1. Though referenced throughout the poster, Hutton TLP and Typhoon TLP, and establish the most current and correct information for all the various types Subsurface Exploration Evaluation Phases 9,600' (2,927 m)
Engineering Phases for Concept Selection, Detail Engineering and “Follow‐on Engineering” Shell’s Tobago 22.0 (35.4 km) 9,005' (2,745 m) 2,934 m
DDCV Deep Draft Caisson Vessel Red Hawk spar have been decommissioned and abandoned. At press time, of deepwater production solutions either sanctioned, installed, operating or Handover 9,600' 6.0 (9.6 km) 8,856' (2,700 m) 9,627' Heidrun 53.0
decommissioned worldwide. No facility was intentionally excluded from this 9,627' (2,934 m) 43.4
DDS Deep Draft Semi Independence Hub Semi-FPS has been decommissioned but not abandoned. to 10,000' (3,048.0 m) Big Foot 95.0
FDPSO Floating Drilling, Production, Storage and Offloading System
It is currently moored on location. poster. In some cases the most current information was not included because FEL (Front End Loading) Operations White gap – indicates a “Toll Gate” event
2. World Records are noted in red throughout the poster or with the symbol information was not supplied in time or the project was not sanctioned at Alternate Name for the above Engineering Phases
FLNG Floating Liquefied Natural Gas Vessel adjacent to the record. press time. We make no guarantee that this list is all inclusive. We have which occur between phases. 0 Miles 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 50.0 55.0 60.0 65.0 70.0 75.0 80.0 85.0 90.0 95.0 100.0 0 12 24 36 48 60 72 84 96 108 120
Fabrication
FPS Floating Production System summarized the capability and operating experience by acting as a neutral party Toll Gates imply decision points.
FPSO Floating Production, Storage and Offloading Vessel
3. The tabular listing of “Conceptual & Proven Floating Production Facilities
Designs” was assembled by Wood based upon data supplied from the various and integrator of information. We have collected the information from company Onshore Commissioning Decisions are made by IPT or Operator / Tieback Distance Miles (km) Months (As of March 2019)
FPU Floating Production Unit design companies. Wood attempted to locate and contact as many of design brochures, interviews, press releases, industry publications, contractor supplied OPTIONS Installation Performance Testing / Partner Management
DEV.
Startup /Handover Multiphase Boosting Murphy’s Dalmatian – World Record for longest multiphase boosting SS Tieback 13.7 Miles (22.0 km)
MinDOC Cross between a semisubmersible and a truss spar firms prior to going to press. If you are aware of a design that has not been information, and websites. Neither Wood. nor Offshore Review of Field Development Options & Host Types 1 Concept Hookup & FEED = Front End Engineering & Design Oil Subsea Tiebacks:
Notes:
©2019 Offshore

included on this year’s list, please advise Chris Barton at chris.barton@woodplc. Magazine guarantees or assumes any responsibility or POSTER Commissioning Natural Flow 1. “Sanction” - Is the date or milestone event when the Operator and/or the Partners authorize the project to proceed into the

135
MODU Mobil Offshore Drilling Unit Shell’s Penguin A-E – World Record for longest natual flow SS Tieback 43.4 Miles (69.8 km)
“Project Execution” Phase. Project Sanction is also referred to as “FID” – Final Investment Decision.
com. We will periodically update the list as we become aware of other designs. liability for any reference on the information presented. Major
Semi-FPU Semi-Submersible Floating Production Unit 4. Data for these comparison charts have been derived and updated by Wood Narrowing of Concept Options for the Field Development Gas Compression Equinor’s Asgard (Midgard & Mikkel) World Record for SS compression tieback distance – 24.3 Miles (39.2 km) 2. Big Foot TLP - Because of installation related issues first production was delayed 3 years. The average cycle time excludes
SSTB Subsea Tieback
If any information is found to be incorrect, not current, Milestones Gas Subsea Tiebacks: Noble Energy’s Tamar – World Record Big Foot becauce it is an out liner.
using internet research, Energy Maritime Associates’ Reports, and World Energy or needs to be added, please send your comments to Natural Flow for natural flow gas SS tieback distance –
TLP Tension Leg Platform Reports. posters@Woodplc.com. NOTE: Each Operator has developed their own Capital Project Stage Gate Process. The Project Phases may be named different but are functionally similar. This chart reflects a composite “representative” Execution model. FID = Final Investment Decision 93.0 Miles (149.7 km)

Deepwater System Types Conceptual & Proven Floating Production Facilities Designs • (Data as April 2019) Notes: 1. SEVAN SSP is subsidiary of Sembcorp Marine 2. US Spars is the consortium consisting of Audubon Engineering, Houston Offshore Engineering, and Gulf Island Fabrication     See Photo or Image of the Design COURTESY: Water Depth and Topside Capacity Envelopes US GOM Host Platform Trends Spar Cycle Time Analysis • Sanction to First Production COURTESY:

For TLP, Spar and Semi-submersible Platforms Record: Fastest Cycle Time for field development using a Spar for the host facility.
Year of Sanction

WAVE TANK
DESIGN COMPANY

TESTED?
MATURITY CATEGORIES DISPLACE- LNG GAS OIL Boomvang 23.0

SLOTS
TREE PAYLOAD

RISER
THROUGHPUT WATER

HURRICANE
FIELD PROVEN EXAMPLES RISER TYPES MENT STORAGE STORAGE
DESIGN / CLASS

RATING
TYPE 1. Conceptualized RANGE DEPTH RANGES RANGE 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Red Hawk 24.2
DESIGN NAME TYPE APPROVAL 2. Model Tested TTRs, SCRs, RANGE RANGE RANGE Avg. Cycle Time from Sanction (FID)
#

Lazywave/ 400 0'

AGENCY 3. Approved in Principal (AIP) Horn Mountain 25.1 to First Production:
Ship Shape FLNG
WET DRY 4. Installed / Proven MBOPD or MMSCFD or
flexibles TLP TLP Legend:
35.0 Months (2.9 Years)
FPSO
TREE TREE Name of Host Facility Y/N MMTPA QTY. FEET METERS MT MT M3 BBLS x 1,000 Semi TLP Gunnison 25.5
Semi
1.0 AKER SOLUTIONS https://akersolutions.com/what-we-do/products-and-services/floater-designs/ 1,000' FPSO Constitution 26.4
350 Spars
1.1 Lean FPSO Unmanned FPSO H 1. Conceptualized Conceptual N/A Semis Neptune 26.9
1.2 FPSO FPSO H 4. Installed / Proven Johan Castberg 30-220 MBOPD 10-28 FLEX 1,600 500 50,000 N/A 1,100
Spars Heidelberg 31.4
1.3 Standardized Semisubmersible Platform Semi FPS H 4. Installed / Proven Snorre B, Gjøa, Blind Faith, Ichthys, P-51, P-52 H 40 - >200 MBOPD 4- >80 SCR/FLEX/Lazywave 656-9,850 200-3,000 4,000-70,000 N/A N/A
2,000'
1.4 Dry-Tree Semisubmersible Platform Semi FPS H 2. Model tested H 40 - >200 MBOPD 12- >36 TTRs, SCRs 656-9,850 200-3,000 4,000-70,000 N/A N/A FEED Semis Medusa 32.3
300
Compliant 1.5 Tension-Leg Platform TLP H H 4. Installed / Proven Snorre A, Heidrun H 40 - >200 MBOPD 12- >36 TTRs, SCRs 985-6,560 300-2,000 4,000-50,000 N/A N/A
Hoover/Diana 32.9
Mini TLP 1.6 Belly Spar SPAR H H 3. Approved in Principal (AIP) H 40 - >120 MBOPD 4- >30 TTRs, SCRs 985-6,560 300-2,000 2,000-35,000

Project
Production Capacity (Mboe/day)
Tower Conventional Semi-FPU
TLP Truss MinDOC 2.0 CEFRONT http://www.cefront.com/ 3,000' Devils Tower 33.6
Spar Classic Spar Cell Circular Subsea
Spar FPSO Tieback 2.1 Cefront FPSO FPSO H H 2. Model Tested H 150 MBOPD 35 Flexibles/SCR 12,000 3,500 100,000 400,000 2,000 Front Runner 34.7
3.0 EXMAR OFFSHORE https://www.exmaroffshore.com/services/assets-leasing/floating-production/opti 250
Subsea Manifold
Mad Dog 34.9
COURTESY: 3.1 OPTI-micro™ Semi FPS H H Ongoing Design 40 MBOPD 8 SCR/FLEX/Lazywave 10,000 3,048 4,500 19,000 N/A N/A 4,000'

Water Depth (ft.)

3.2 OPTI-EX® Semi FPS H H ABS 4. Installed / Proven Who Dat H 60 MBOPD 20 SCR/FLEX/Lazywave 10,000 3,048 6,700 25,000 N/A N/A Kikeh 36.5
Worldwide Progression of Water Depth Capabilities for Offshore Drilling & Production (Data as of March 2019) 3.3 OPTI-11000™ Semi FPS H H ABS 4. Installed / Proven Delta House H 100 MBOPD 18 SCR/FLEX/Lazywave 10,000 3,048 10,700 39,000 N/A N/A
Lucius 37.0
3.4 OPTI-16000™ Semi FPS H H Ongoing Design >120 MBOPD 24 SCR/FLEX/Lazywave 10,000 3,048 16,000 57,600 N/A N/A 200
5,000'
Present 3.5 OPTI-22000™ Semi FPS H H Ongoing Design >150 MBOPD 24 SCR/FLEX/Lazywave 10,000 3,048 22,000 76,000 N/A N/A Tubular Bells 37.0
13,000 (3,962.4 m) 3.6 OPTI-40000™ Semi FPS H H Ongoing Design 80 MBOPD 12 TTR 8,000 2,440 40,000 139,000 N/A N/A
Spar Holstein 38.8
3.7 FLNG FLNG Barge BV 4. Installed / Proven Tango FLNG 0.5 MMTPA 3 Flexibles 80 25 3,000 16,750 16,000 N/A
Legend: Platform/Floater Titan 39.8
12,000 (3,657.4 m) 4.0 FRONT ENERGY http://www.cefront.com/ 150 6,000'
Exploration
Subsea 4.1 Cefront FLNG FLNG H H 2. Model Tested H 35 Flexibles/SCR 12,000 3,500 100,000 400,000 275,000 Perdido 41.0
11,000 Denotes Current World Record World Record
Deepest Subsea Tree
Current World DP (3,352.6 m) 5.0 GENESIS ENGINEERING https://www.genesisengineers.com/
Genesis 44.4
Drilling Record
9,627' (2,934 m) Raya-1 exploration well offshore
5.1 Semi FPS Semi FPS H 4. Installed / Proven Thunderhawk H 7,000'
10,000 US GOM, Tobago
Operator: Shell
Uruguay for Total. Spudded (3,047.9 m) 5.2 DTU (Dry Tree Unit) Dry Tree Semi FPS H H Conceptual 100 Tahiti 44.6
April, 2016 in 3,400 m (11,155') 5.3 Deepwater TLP TLP Conceptual
Rig: Maersk Venturer drillship Aasta Hansteen 66.2
9,000 Operator: Total (2,743.1 m) 6.0 GVA (a KBR Company) https://www.gvac.se/floating-solutions
8,000'
6.1 GVA 10000 Semi FPU H H H 3. AIP (Ongoing Design) ANCHOR H - - - 5,183 1,580 - - N/A N/A 0 12 24 36 48 60 72 84 96 108 120
8,000 (2,438.3 m) H H H H
Water Depth Feet/(m)

6.2 GVA 25000 Semi FPU 3. AIP (Under Construction) ARGOS (MAD DOG 2) 140 MBOPD 14 SCRs 5,085 1,550 - - N/A N/A 50
6.3 GVA 33000 Semi FPU H H H 4. Installed / Proven JACk & ST. MALO H 225 MBOPD 21 SCRs 6,890 2,100 33,000 146,000 N/A N/A
Months (As of March 2019)
7,000 (2,133.5 m) 6.4 GVA 27000 Semi FPU H H H 4. Installed / Proven ATLANTIS H 200 MBOPD 16 SCRs 7,100 2,160 25,500 89,000 N/A N/A 9,000' COURTESY:
6.5 GVA 40000 Semi FPU H H H 4. Installed / Proven THUNDER HORSE H 250 MBOPD 18 SCRs 6,040 1,840 50,500 130,000 N/A N/A
6,000 World Record (1,828.7 m) 6.6 GVA 12000 Semi FPU H H H 4. Installed / Proven KRISTIN H Gas Production 14 Flexibles 1,050 320 18,100 56,000 N/A N/A 0 Semi FPS Cycle Time Analysis • Sanction to First Production
Deepest Floating Facilty
9,500' (2,895.5 m) 6.7 GVA 21000 Semi FPU H H H 4. Installed / Proven ASGARD B H 135 MBOPD 28 Flexibles 1,050 320 34,000 85,000 N/A N/A
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 10,000' Record: Fastest field development cycle time using a Semi-FPS as the host facility.
5,000 US GOM - Stones Field (1,523.9 m) 6.8 GVA 8000 Semi FPU H H H 4. Installed / Proven TROLL C H 190 MBOPD 24 Flexibles 1,110 339 25,200 55,000 N/A N/A Who Dat 16.2
Turitella FPSO Bubble size relates to platform processing capacity
Operator: Shell 6.9 GVA 8000 Semi FPU H H H 4. Installed / Proven VISUND H 100 MBOPD 38 Flexibles 1,100 335 25,200 52,600 N/A N/A Water Depth (ft.) Note: The GOM trend shows that the Semi-FPS is the preferred production facility option in deepwater. Worldwide there is a similar trend when FPSO’s are not used Legend:
4,000 (1,219.1 m) 6.10 GVA 4500 Semi FPU H H H 4. Installed / Proven PETROBRAS XVIII H 100 MBOPD 65 Flexibles 3,000 910 - 36,100 N/A N/A Janice 16.8
Estimated Sanction to First Production Time
6.11 GVA 320 000 FPSO H H H 4. Installed / Proven REPLICANTS (P-66 to P-73) H 150 MBOPD 64 SCRs 7,015 2,138 30,000 320,000 N/A 1,670 COURTESY: G
​ RANHERNE COURTESY: G
​ RANHERNE
Gomez (ATP Innovator) 18.9 Actual Sanction to First Production Time
3,000 (914.4 m) 7.0 HOUSTON OFFSHORE ENGINEERING (HOE) / ATKINS https://www.atkinsglobal.com/en-GB/projects/paired-column-semisubmersible
7.1 TLP TLP H H H DNV GL 4. Installed / Proven MOHO Nord TLP H 40 MBOPD 27 TTRs, Flexibles 3,280 1,000 20,000 34,500 N/A N/A Dai Hung 1 21.4
2,000 (609.6 m) Water Depth Range Comparison(2, 3) • By Deepwater Facility Type as of March 2018
7.2 Paired-Column Semi (PC Semi) Semi FPS H H H DNV GL 3. Approved in Principal (AIP) H 100 MBOPD 15 TTRs, SCRs 3,000-10,000 1,000-3,000 4,000-40,000 12,000-110,000 N/A N/A Argyll 22.9

TABLE 1 CONCEPTS DATABASE

7.3 Classic SPAR SPAR H H H ABS 4. Installed / Proven Gulfstar One H 60 MBOPD 8 SCRs 4,000 1,220 8,600 95,300 N/A N/A
1,000 (304.8 m) 0' 1,000' 2,000' 3,000' 4,000' 5,000' 6,000' 7,000' 8,000' 9,000' 10,000' Green Canyon 29 23.9
7.4 DDPSO FPSO 1. Conceptualized Conceptual 30 MBOPD 6 Lazywave/Flexibles 300-3,000 100-1,000 6,000 85,000-95,000 N/A 300
Deepwater Facility Type
8.0 INTECSEA http://www.intecsea.com/insights/the-lm-fpso-the-state-of-the-art-multi-purpose-floater/ Balmoral 25.0
0 2019
(0 m) 56 SCRs
1,025' 1,353' 1,700' Legend:
300,000 BOPD 1. Conventional Fixed Platform
1950 1960 1970 1980 1990 2000 2010 2020 8.1 LM-FPSO / LM-FLNG/ LM-FPU FPSO, FLNG, FPU H H H DNV GL 3. Approved in Principal (AIP) Conceptual H 5.0 MMTPA /Umb., TTRs, SCRs, Flexibles 230-10,000 70-3,050 4,000-120,000 10,000-515,000 0-385,000 0-3,000
Cognac Bullwinkle
Field Proven Indicates Installed Facility (Proven) Njord A 27.4
36 TTRs Qualified Indicates Sanctioned Facility (Qualified)
Independence Hub 27.9 Avg. Cycle Time from Sanction (FID)
Year COURTESY:
9.0 KEPPEL FLOATEC http://www.keppelfloatec.com/capabilities/solutions/ 1,000' 1,280' 1,742' 3,000' Conceptual Not Sanctioned/Sanction Pending
Abandoned or Decommissioned to First Production:
9.1 4 Column ETLP (Extended Tension Leg) TLP H H H H 4. Installed / Proven Papa Terra P61, Big Foot, Kizomba A, Kizomba B, Magnolia H TTRs, Flexibles 1,000-6,000 300-2,000 >5,000 N/A 2. Compliant Tower Delta House 28.0
38.4 Months (3.20 Years)
9.2 3 Column ETLP (Extended Tension Leg) TLP H H H DNV GL 3. Approved in Principal (AIP) Ca Rong Do H TTRs, SCRs, Flexibles 1,000-6,000 300-2,000 >5,000 N/A Lena BBLT Petronius
Troll C 28.4
1.1 1.2 1.4 1.6 3.2 9.3 P-Semi Semi FPS H H 1. Conceptualized Conceptual NO SCRs, Flexibles 2,000-10,000 600-3,000 >5,000 N/A 1,000' 4,526' 10,000'

Project
10.0 MODEC https://www.modec.com/fps/index.html 3. FDPSO Veslefrikk B 30.8
10.1 MODEC Self Stable Integrated Plat. (SSIP) TLP TLP H H H ABS 4. Installed/Proven Oveng/Okumi TLWP, Stampede TLP H 40 MBOPD 18 TTR, SCRs 1,000 305.8 5,000 10,000 N/A N/A
4. FPSO 66' 298' 298' 2,510' 3,937'
Azurite
4,461'
4,592'
4,796' 5,260' 6,500' 7,053'
Mustang Estimate
>10,000' Thunder Hawk 33.9
10.2 MODEC CP Semi Semi FPS-(Central Pontoon Semi) 2. Model tested & 3. Approved in Principal (AIP) H 120 MBOPD 21 SCRs 7,000 2,134 21,000 68,000 N/A N/A
A. New Build
10.3 MODEC FLNG FLNG NA NA H ABS, DNV, BV, Lloyds 3. Approved in Prinicle (AIP) H 1 to 3 MTPA 2-6 Flexibles, SCRs 50 15 up to 35,000 200,000 m3 N/A BW Catcher
Hai Yang Shi You 113
Johan Castberg Cidade de Campos dos Goytacazes Kizomba A,
Girassol
Agbami
7,021'
P-67
7,218'
Snorre B 36.2
10.4 MODEC FPSO FPSO H H ABS, DNV, BV, Lloyds 4. Installed / Proven 30 examples worldwide H 180 MBOPD ^60 Flexibles, SCRs 50-10,000 15-3,048 up to 40,000 30,0000 N/A 2,000 P-63 4,920' Egina 7,050'
50' 299' 328' 508' 1,640' 2,198' 3,396' Dalia 4,856' 5,003' 5,260' 5,838' 6,561' 6,995' 7,053' 7,349' 8,530' 9,500' >10,000' Visund 36.7
11.0 SBM OFFSHORE https://www.sbmoffshore.com/what-we-do/our-products/tlp-semisubmersibles/ 360' Espirito Santo PSVM 6,880' Cidade de Itaguai
B. Conversion Blind Faith 37.0
11.1 Fast4Ward™ Next Generation FPSO Newbuild FPSO H ABS & BV 3. Approved in Prinicle (AIP) H 50-300 MBOPD 70 SCR and / or Flexible 300-3,000 15,000-35,000 70,000-10,000 0.0 1,800-2,200 Aje Aoka Mizu
Armada Perkasa Cyrus Armada Kraken Armada Olombendo Fluminense P-48 Xikomba Lisa Miro
Kaombo GGC,CLM Cidade de Paraty, Cidade de Saquarema, Cidade de Margaratiba BW Pioneer
Turitella
11.2 Fast4Ward™ Next Generation FPU Semi FPS H H ABS 3. Approved in Prinicle (AIP) H 50-150 MBOPD 15-30 SCR 4,000-8,000 15,000-28,000 50,000-90,000 0.0 0.0 80' 292' 394' 512' 1,312' Prof John Evans Atta Mills 3,575' Cidade de Marica, Cidade de Sao Vicente Cidade de Angra Dos Reis
P-66 Cidade de Ilhabela >11,000' Buchan A 38.4
Espirito Santo, Cidade de Paraty, Cidade de Ilhabela, Cidade de Maricá, C. Unconventional
11.3 FPSO Conversion FPSO H ABS 4. Installed / Proven
Kikeh, N'Goma, Cidade de Anchieta, Aseng, Mondo, Saxi-Batuque H 50-200 MBOPD 5-60 SCR and / or Flexible 300-2,500 0.0 600-1,900
Western Isles Goliat Vito 38.5
Sevan Piranema Spirit Sevan Global SSP
Hummingbird
11.4 Disconnectable FPSO FPSO H H ABS 4. Installed / Proven Turritella H 60 MBOPD 5 SLWR 9,500 2,900 315 82,780 0.0 913.6 Voyageur Spirit Na Kika 38.8
1,132' 1,933' 2,862'
11.5 Twin Hull FLNG Conversion FLNG H ABS 3. Approved in Prinicle (AIP) H 240 MMSCFD 100-3,000 30,000 182,000 300 482' 3,800' 6,000'
11.6 FLNG Newbuild FLNG H H ABS 3. Approved in Prinicle (AIP) H 250-450 MMSCFD 100-3,000 45,000 210,000 300 5. Conventional TLP Cooper 43.9
Hutton(1) Heidrun Mars Auger Ursa
11.7 SeaStar® Mini TLP H H H ABS 4. Installed / Proven Allegheny, Morpeth, Typhoon, Matterhorn, Neptune H 25-50 MBOPD 11 SCR & up to 9 TTR 1,700-4,500 3,000-13,000 10,000-25,000 0.0 0 Neptune 4,200' Marco Polo 4,300'
3,937' Shenzi 4,970' Kristin 47.0
3.3 3.7 4.1 6.1 7.2 11.8 FourStar® TLP,TLWP H H H ABS 3. Approved in Prinicle (AIP) H 60-120 MBOPD 26 SCR & TTR 1,200-5,000 8,000-20,000 40,000-90,000 0.0 0 889' 1,050' 1,699' 2,816' 3,300' 3,350' 3,863' 4,674' 5,187' 6,000'
Argos (Mad Dog 2) 47.9
11.9 DeepDraftSemi® with Storage (Gas) Semi FPS H H ABS 3. Approved in Prinicle (AIP) H 350-1,000 MSCFD 09-30 SCR 4,000-8,000 25,000-45,000 60,000-10,000 0.0 125 6. Proprietary TLP
11.10 DeepDraftSemi® Semi FPS H H ABS 4. Installed / Proven Thunder Hawk, Independence Hub H 60 MBOPD or 1 BCCFD 17 SCR 6,050-7,918 14,400-18,000 42,000 0.0 0 Oveng
Ca Rang Do
Morpeth
Matterhorn
Kizomba B
P61
Stampede Kizomba A 4,344'
Magnolia Big Foot Jack St. Malo 49.3
12.0 SEVAN SSP(1) https://sevanssp.com/# 4,300' 4,364' 5,423'
1,930' 2,097' 2,599' 3,453' 3,678' 4,100' 4,420' 4,800' 4,970' 5,300' 5,610' 7,100' 7,816' 10,000' Asgard B 51.5
12.1 SEVAN SSP 300 Cylindrical FPSO H H DNV GL 4. Installed / Proven Voyageur Spirit H 30 MBOPD 10 Flexibles 290 90 10,000 55,000 270
12.2 SEVAN SSP 400 Cylindrical FPSO H H DNV GL 4. Installed / Proven Western Isles H 44 MBOPD 17 Flexibles 541 165 14,000 65,000 400 7. Spar/DDCV Appomattox 52.9
Neptune Typhoon Genesis Boomvang Nansen Mad Dog Devils Tower Lucius
12.3 SEVAN SSP 1000 Cylindrical FPSO H H DNV GL 4. Installed / Proven Goliat H 110 MBOPD 25 Flexibles 320 1050 30,000 210,000 950 3,300' Tahiti
Holstein Kikeh Constitution Heidelberg
Horn Mtn Perdido
Gumusut Kakap 56.9
12.4 SEVAN SSP 650 Cylindrical FPSO H H DNV GL 4. Installed / Proven H 60 MBOPD 20 Flexibles 5000 1500 20,000 125,000 650 8. Semi-FPU 262' 984' 1,116' 2,986' 3,353' 3,805' 4,101' Tubular Bells Hoover/Diana 5,599' 5,904' 6,298' 6,340' 7,072' 7,333' 10,000'

12.5 SEVAN SSP SCR Cylindrical FPSO H H H 3. Approved in Principal (AIP) H 100 MBOPD 15 SCRs 7500 2500 25,000 150,000 1,000 A. Wet Tree Conventional Gjoa 61.1
Janice A Aasgard B Troll C Innovator Gumusut P-40 Vito P-51 Argos (Mad Dog 2) P-55 P-52 Na Kika Atlantis Appomattox
12.6 SEVAN SSP FLNG Cylindrical FLNG H H ABS / DNV GL 3. Approved in Principal (AIP) H 5.0 MMTPA 25 Flexibles 5000 1500 45,000 190.000 250,000
1,223' 4,500' Thunder Horse
6,494' 7,000' 7,920' 12,000' Atlantis 72.1
12.7 SEVAN SSP FPU Cylindrical FPU H H 3. Approved in Principal (AIP) 300 MBOPD 1.000 MMSCFD 20 SCRs, Flexibles 5000 1500 15,000 35,000 200
B. Wet Tree Deep Draft
13.0 TECHNIPFMC https://technipfmc.com/# P-51 Blind Faith Jack/St. Malo Independence Hub SBM DDS, Horton Wison MCF,
Thunder Horse 85.3
13.1 Spar - Classic Spar H H ABS 4. Installed / Proven (3) Neptune, Genesis, Diana H 36-100 MBOPD 16-20 TTRs, SCRs 1,930-4,800 580-1,450 5,987-24,040 20,500-95,250 N/A N/A Moss Octabuoy
500' 8,000' 12,000' 0 12 24 36 48 60 72 84 96 108 120
(12) Neptune, Boomvang, Gunnison, Constitution, Tahiti, Holstein, 28,500-
13.2 Spar - Truss Spar H H H ABS 4. Installed / Proven
Mad Dog, Kikeh, Lucius, Heidleberg, Perdido, Aasta Hansteen H 40-125 MBOPD 8-26 TTRs, SCRs 3,150-7,820 1,050-2,400 7,938-31,500 146,830 N/A 157 C. Dry Tree Deep Draft
13.3 Spar - Cell Spar H H ABS 4. Installed / Proven Red Hawk H 120-300 MMSCFD 4 SCRs 5,300 1,615 4,264 15,700 N/A N/A Moss Octabuoy Exmar OPTI-40000
HOE/Atkins PC 10,000' Months (As of March 2019)
7.4 8.1 9.1 9.2 9.3 SBM DTS, Horton Wison MCF, Moss Octabuoy
18,000-25,000 316,710-
66' 230' 820' 3,773' >10,000'
13.4 Spar - Concrete Cell Concrete Cell Spar H H H DNVGL 3. Approved in Principal (AIP) Bay du Nord, Wisting H 150 MBOPD 12 TTRs, SCRs, Flexibles 920-4,600 280-1,400 656,646 N/A 900-1,200 COURTESY:
9. FLNG
13.5 FLNG H 4. Installed / Proven (4)Prelude, Coral, Kanowit, Satu H 1.2-5.3 MTPA 2-10 SCRs, Flexibles 230-6,700 70-2,000 50,000 600,000 326,000 N/A PFLNG Satu Prelude Project Cycle Time Summary Comparison (As of March 2019)
Tango FLNG, Hilli Episeyo FLNG PFLNG Dua FLNG
13.6 FPSO H 4. Installed / Proven Akpo, Dalia, Girassol, Ichthys, Libra, P58, P62, P70, P71 H 50-240 MBOPD 3-15 SCRs, Hybrid, Flexibles 830-8,000 250-2,400 40,000 425,000 N/A 2,000 Coral South FLNG, Gimi FLNG
574' 738' 984' 3,608' 5,300' 5,446' 5,823' 6,750' 7,570' 8,008' 8,381' 9,014' 9,600' 9,627' Min. Avg. (1) Max.
13.7 Semi - FPS Semi-FPS H H 4. Installed / Proven Gumusut H 60-100 MBOPD SCRs 3,940 1,200 21,000 40,000 N/A 20 16.8 37.47 53.0
13.8 Semi - Deep Draft H ABS 3. Approved in Principal (AIP) P-51, P-52, P-56 H 100-190 MBOPD 9-12 SCRs 4,690-5,905 1,430-1,800 10,000-32,000 44,500-95,500 N/A 20 10. Subsea Tiebacks TLPs CYCLE TIME
Penguin A-E Asgard Ormen Lange Mensa Tamar Dalmatian Bass Lite Coulomb Perdido Vortex Cheyenne Tobago
Stones
13.9 Semi - HVS Semi H H H 3. Approved in Principal (AIP) TTRs, SCRs, Flexibles Mikkel (Sanction to First Oil) Prince TLP Heidrun TLP
13.10 TLP Semi-4-Column H H H ABS 4. Installed / Proven Malikai H 50-100 MBOPD 18-22 TTR & SCRs 1,640 500 18,000 50,900 N/A N/A
0' 1,000' 2,000' 3,000' 4,000' 5,000' 6,000' 7,000' 8,000' 9,000' 10,000' Min. Avg. Max.
13.11 TLP - Conventional H H ABS 3. Approved in Principal (AIP) H 12-16 TTR & SCRs 1,080-4,376 330-1,334 13,000-34,500 46,600-86,600 N/A N/A
(304.8 m) (609.6 m) (914.4 m) (1,219.1 m) (1,523.9 m) (1,828.7 m) (2,133.5 m) (2,438.3 m) (2,743.1 m) (3,047.9 m) 23.0 35.0 66.2
13.12 EDP Semi H H 2. Model Tested 2-12 SCRs, Flexibles US MMS Definitions:
SPAR CYCLE TIME
14.0 US Spars(2) http://www.us-spars.com/ (Sanction to First Oil) Boomvang Hasta Hansteen
Shallow Deepwater Ultra Deepwater
14.1 FP40 Spar H H 1. Conceptualized Conceptual 40 MBOPD 8 SCRs 3,000-10,000 1,000-3,000 4,000 30,000
Min. Avg. Max.
14.2 FUS60 Spar H H 1. Conceptualized Conceptual 60 MBOPD 6 Flexibles/SCR 3,000-10,000 1,000-3,000 2,100 27,500 16.2 38.4 85.3
14.3 XT30 Buoy H H 1. Conceptualized Conceptual 30 MBOPD 4 Flexibles/SCR 3,000-10,000 1,000-3,000 1,200 22,000
COURTESY: SEMI-FPSs
(Sanction to First Oil) Who Dat Thunderhorse
10.1 10.4 11.1 11.2 11.4 11.5 11.7 11.8 11.9 11.10 12.3 13.2 13.5 13.6 13.12 14.1 14.2 14.3
Min. Avg. Max.
7.0 30.9 76.4
FPSOs (CONVERSIONS)
(Award to First Oil) MTC Lelang P-76
Min. Avg. Max.
25.4 58.8 96.9
FPSOs (NEW BUILD)
(Award to First Oil) Boomvang P-67

0 12 24 36 48 60 72 84 96 108 120

Cycle Times (Months)

Note:
1. Average Cycle Time for all TLPs including Big Foot TLP is 39.45 Months or 37.47 Months when excluding Big Foot as a data outliner.

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